Quorum Club sells 5% stake to Gruhas in series A round

Quorum Club Pvt. Ltd, the parent company of luxury membersonly club The Quorum, has closed an undisclosed pre-series A funding round for a 5% divestment in stake led by Gruhas, a venture founded in 2021 by Nikhil Kamath of Zerodha and Abhijeet Pai of Puzzolana.

Gruhas also focuses on early-stage, venture and debt investments in the proptech, cleantech, media and entertainment sectors. The club’s existing shareholders including Alok Oberoi, Gurmeet Nihal Singh, Sabre Advisors, Shon Randhawa, Sattva Group and Karanpal Singh, who also participated in the round and from whom it had also raised another undisclosed round in 2016 when it was first set up.

With the new fundraise,

Quorum Club’s existing shareholders participated in the funding round.

Quorum Club’s next target markets include Bengaluru, Goa, and another sixth club in Delhi over the next few years. The company is also looking to expand its co-working portfolio under The Business Quarter (TBQ) brand, offering hospitality-first working spaces co-located with its clubs. The Hyderabad club will include a 110-seat premium co-working facility and its Mumbai club will expand from 198 seats to 451 seats.

District150, a venture for meetings and events, also has a pipeline of 8-10 assets in various stages of development within the next five years, partnering with leading institutional developers. The first asset in Hyderabad is a partnership with Sattva Group and Blackstone India Real Estate.

Quorum Club first began operations in 2018 with the launch of its first members’ club in Gurugram, operating under Quorum Club Llp. In 2021, it expanded to Mumbai, taking over operations of another former private members club ‘The A’, a 40,000 sq. ft workspace and social club in Lower Parel’s One World Centre.

Vivek Narain, the company’s co-founder & CEO, told

that the fundraise will prepare it for further expansion for the next two years.